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20 Coastline Drive

Updated Dec 4, 2024

Tony Huang Acquires Newport Coast Mansion For $38M With Michelle Linovitz And Marcy Weinstein
SOLDSingle Family

Tony Huang Acquires Newport Coast Mansion For $38M With Michelle Linovitz And Marcy Weinstein

20 Coastline Drive

$38,000,000

$2,072/SF

Building Size

18,336 SF

Asset Type

Single Family

Closing

May 13, 2024

About this deal

AI

The single-family property located at 20 Coastline Drive in Newport Coast with a total of 0.78 acres was recently sold for $38,000,000. The transaction involved a spacious 18,336 square feet home, equating to a price per square foot of $2,072. The sale was finalized on 05/13/2024 and set a record as Orange County's most expensive home sale this year.

Summary of transaction details:

The $38 million mansion was bought by a trust linked to Tony Huang from Las Vegas-based. The property was previously owned by Thomas and Annette Haigh, who acquired the land for $8.5 million and constructed the luxurious home. The deal, which was not publicly marketed, was facilitated by Compass and Coldwell Banker Realty, representing the seller and buyer, respectively.

Players

Rex McKown

Compass

Broker

$87.1M

vol

3 deals

Broker

Newport Coast Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Tony Huang bought a home in Newport Coast for $38M in 2024. The full closing is on this page.

About $2.1K per square foot on a published $38M for 18,336 square feet (2024).

Visit Rex McKown to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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